- Inception Date
- Jun 1, 1981
- Category
- Latin America Equities
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
MXF Performance Chart
The Mexico Fund (MXF) is up 11.9% since the beginning of the year. MXF is currently trading at $22 per share. Investors who bought $1,000 worth of MXF shares 5 years ago would now be looking at an investment worth $1,892.
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Returns By Period
The Mexico Fund (MXF) has returned 11.89% so far this year and 40.91% over the past 12 months. Over the last ten years, MXF has returned 8.30% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
The Mexico Fund
- 1D
- -1.98%
- 1M
- 0.51%
- YTD
- 11.89%
- 6M
- 10.79%
- 1Y
- 40.91%
- 3Y*
- 15.59%
- 5Y*
- 13.60%
- 10Y*
- 8.30%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
MXF Monthly Returns History
Based on dividend-adjusted daily data since Dec 30, 1987, MXF's average daily return is +0.06%, while the average monthly return is +1.26%. At this rate, an investment would double in approximately 4.6 years.
Historically, 56% of months were positive and 44% were negative. The best month was Feb 1988 with a return of +35.0%, while the worst month was Aug 1998 at -36.5%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 6 months.
On a daily basis, MXF closed higher 49% of trading days. The best single day was Oct 13, 2008 with a return of +20.3%, while the worst single day was Oct 13, 1989 at -17.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 8.17% | 6.44% | -8.24% | 2.66% | 5.30% | -2.02% | 11.89% | ||||||
| 2025 | 4.05% | 4.74% | 0.57% | 10.77% | 7.21% | 5.53% | 3.17% | 1.85% | 8.30% | -0.24% | -0.26% | 4.14% | 61.94% |
| 2024 | -0.67% | -3.68% | 6.54% | -5.27% | -0.44% | -10.66% | -0.25% | -5.74% | 1.62% | -5.75% | -3.28% | -2.58% | -27.14% |
| 2023 | 14.67% | -0.48% | 2.41% | -0.83% | -2.82% | 3.52% | 8.33% | -2.89% | -5.62% | -7.14% | 15.50% | 9.40% | 35.83% |
| 2022 | -4.11% | 2.31% | 8.62% | -8.17% | 5.05% | -8.79% | 1.01% | -6.11% | -3.55% | 10.00% | 9.97% | -5.21% | -1.66% |
| 2021 | -4.83% | 0.77% | 8.02% | 2.76% | 4.81% | -0.07% | 2.67% | 4.01% | -7.59% | 2.01% | -6.28% | 12.19% | 18.01% |
Benchmark Metrics
The Mexico Fund has an annualized alpha of 5.46%, beta of 0.93, and R2 of 0.27 versus S&P 500 Index. Calculated based on daily prices since December 30, 1987.
- This fund captured 127.87% of S&P 500 Index gains and 120.97% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- R2 of 0.27 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 5.46%
- Beta
- 0.93
- R²
- 0.27
- Upside Capture
- 127.87%
- Downside Capture
- 120.97%
Expense Ratio
MXF has an expense ratio of 0.02%, which is considered low.
Return for Risk
Risk / Return Rank
MXF ranks 55 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for The Mexico Fund (MXF) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MXF | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.37 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.93 | 2.78 | +0.15 |
| Martin ratioReturn relative to average drawdown | 10.84 | 12.44 | -1.60 |
Dividends
Dividend History
The Mexico Fund provided a 5.50% dividend yield over the last twelve months, with an annual payout of $1.20 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.20 | $0.94 | $0.88 | $0.80 | $0.72 | $0.36 | $0.43 | $1.00 | $0.68 | $0.53 | $0.71 | $1.81 |
Dividend yield | 5.50% | 4.67% | 6.67% | 4.19% | 4.88% | 2.29% | 3.15% | 7.28% | 5.13% | 3.37% | 5.03% | 10.90% |
Monthly Dividends
The table displays the monthly dividend distributions for The Mexico Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.35 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.70 | ||||||
| 2025 | $0.22 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.94 |
| 2024 | $0.22 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.88 |
| 2023 | $0.20 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.80 |
| 2022 | $0.18 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.72 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.36 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the The Mexico Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the The Mexico Fund was 80.25%, occurring on Sep 10, 1998. Recovery took 1765 trading sessions.
The current The Mexico Fund drawdown is 2.82%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
1998 bear market1998 | -80.25%Sep 1998 | 4y 8mo | 7y 8d | 11y 8moDec 1993 - Sep 2005 |
Financial crisis2007–2009 | -71.94%Mar 2009 | 1y 4mo | 3y 4mo | 4y 8moOct 2007 - Jul 2012 |
COVID crash2020 | -69.72%Mar 2020 | 6y 11mo | 5y 4mo | 12y 4moApr 2013 - Aug 2025 |
1992 bear market1992 | -46.67%Sep 1992 | 6mo 23d | 1y 2mo | 1y 9moMar 1992 - Dec 1993 |
1988 bear market1988 | -37.40%May 1988 | 2mo 15d | 9mo 27d | 1y 7dMar 1988 - Mar 1989 |
Drawdown Indicators
| MXF | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.25% | -56.78% | -23.47% |
Max Drawdown (1Y)Largest decline over 1 year | -14.03% | -9.10% | -4.93% |
Max Drawdown (3Y)Largest decline over 3 years | -30.73% | -18.90% | -11.83% |
Max Drawdown (5Y)Largest decline over 5 years | -30.73% | -25.43% | -5.30% |
Max Drawdown (10Y)Largest decline over 10 years | -56.02% | -33.92% | -22.10% |
Current DrawdownCurrent decline from peak | -2.82% | -1.80% | -1.02% |
Average DrawdownAverage peak-to-trough decline | -31.51% | -10.71% | -20.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.79% | 2.03% | +1.76% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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